Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.

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Terms Used In South Dakota Codified Laws 20-7-2

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

Source: CivC 1877, § 860; CL 1887, § 3484; RCivC 1903, § 1178; RC 1919, § 785; SDC 1939, § 47.0234.

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